Global Organic Acid Market Growth 2023-2029

Global Organic Acid Market Growth 2023-2029

An organic acid is an organic compound with acidic properties. The most common organic acids are the carboxylic acids, whose acidity is associated with their carboxyl group –COOH. Sulfonic acids, containing the group –SO2OH, are relatively stronger acids. Alcohols, with –OH, can act as acids but they are usually very weak. The relative stability of the conjugate base of the acid determines its acidity. Other groups can [also] confer acidity, usually weakly: the thiol group –SH, the enol group, and the phenol group. In biological systems, organic compounds containing these groups are generally referred to as organic acids.

LPI (LP Information)' newest research report, the “Organic Acid Industry Forecast” looks at past sales and reviews total world Organic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Organic Acid sales for 2023 through 2029. With Organic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Organic Acid industry.

This Insight Report provides a comprehensive analysis of the global Organic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Organic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Organic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Organic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Organic Acid.

The global Organic Acid market size is projected to grow from US$ 22990 million in 2022 to US$ 24960 million in 2029; it is expected to grow at a CAGR of 24960 from 2023 to 2029.

Global key players of organic acid include Celanese, BP, Jiangsu Sopo, Huayi, Eastman, etc. Global top five manufacturers hold a share over 32%. The key players are mainly located in North America, China, South Korea, Middle East, Europe and Japan. In terms of product, acetic acid is the largest segment, with a share over 70%. And in terms of application, the largest application is industrial, with a share over 60%.

This report presents a comprehensive overview, market shares, and growth opportunities of Organic Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Acetic Acid
Citric Acid
Formic Acid
Lactic Acid
Propionic Acid
Malic Acid
Sorbic Acid
Oxalic Acid
Tartaric Acid
Others

Segmentation by application
Industrial
Food & Beverages
Feed
Pharmaceuticals
Personal Care
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Celanese
BP
Jiangsu Sopo
Shanghai Huayi
Eastman
Yankuang Cathay Coal Chemicals
Chang Chun Group
Lyondellbasell
Shandong Hualu-Hengsheng
Kingboard Chemical
Daicel
Sipchem
Weifang Ensign Industry Co., Ltd.
TTCA Co., Ltd
RZBC Group Co. Ltd.
Cofco Biochemical (Anhui) Co., Ltd.
Jungbunzlauer Suisse AG
Tate & Lyle
BASF
LUXI
Corbion-Purac
Cargill
DSM

Key Questions Addressed in this Report

What is the 10-year outlook for the global Organic Acid market?

What factors are driving Organic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Organic Acid market opportunities vary by end market size?

How does Organic Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.